Other News - 11/14/2005

Malaysia Airlines is in a difficult financial situation and will be cutting costs further, according to a staff memo sent by Chairman Munior Majid last week. "Our financial performance is precarious and has increasingly become a source for concern," Majid wrote, according to Reuters. "There is now a need to extend the scope of the cost reduction focus and put in place more aggressive measures." Senior managers will take a voluntary pay cut of 15%-30% beginning Dec. 1. In addition, MAS ...

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Trans States Holdings, parent of US regionals Trans States Airlines, Compass Airlines and GoJet Airlines, remains “comfortable” with its order for 50 Mitsubishi Regional Jets and expects to begin taking delivery of the aircraft in 2017....More

ICAO will have to boost its budget by 3% to pay a Web-based information database to provide airlines, air navigation service providers and member states a source of safety information about the risks to flights over and within conflict zones....More